by Admin | Aug 6, 2015 | Natural Disasters
A report published by the Norwegian Refugee Council (NRC) on July 20 has revealed that almost 20 million people were forced to flee their homes because of floods, storms, earthquakes and other natural disasters last year. It's a problem that will likely only grow...
by Admin | Aug 4, 2015 | Natural Disasters
It’s been over a year since a 120 mile per hour twister ripped through the quiet, Massachusetts town of Revere, and the town is still trying to recover. The tornado, which only lasted for four minutes, managed to rip through 65 homes and inflict over $4 million...
by Admin | Aug 3, 2015 | Natural Disasters
In many areas of the country, insurance rates are prone to hikes after particularly destructive winters or the occurrence of natural disasters. However, some regions benefit from decreases in property insurance rates when weather is smooth sailing over a period of...
by Admin | Jul 31, 2015 | Natural Disasters
The rapid growth of hydraulic fracturing (“fracking”) exploration has created new questions for insurance professionals. This is foremost uncertainty about whether a man-made earthquake, one triggered by the stimulation of natural resources deep beneath...
by Admin | Jul 27, 2015 | Natural Disasters
Recent data from the Insurance Information Institute (III) shows that the number of lightning-related homeowners insurance claims dropped in 2014, although the average severity of storms rose. This is due in large part to efforts to lightning-proof homes, a step many...
by Admin | Jul 22, 2015 | Natural Disasters
Insurance professionals deal in probabilities and the likelihood that something catastrophic will happen to the people, property, vehicles and finances they insure. A worst-case-scenario for property insurers has made the rounds this week, highlighting an...
